Ellevate Surpasses $500 Billion in Assets Serviced on the Platform
Friday, August 8, 2025
-- Fast-growing managed services company is redefining scale and efficiency
in the wealth management industry
JACKSONVILLE, Fla., July 31, 2025 /PRNewswire/ -- Ellevate, an innovative managed services platform founded by industry veteran and former Black Diamond executive, Michelle Odom, announced today that it has surpassed $500 billion in assets being serviced across its platform. In less than two years, Ellevate has emerged as the go-to solution for large RIAs, aggregators, and enterprise wealth management firms seeking to scale operations, streamline technology, and drive sustainable growth.
At a time when wealth management is facing compounding operational challenges, from rising consolidation and platform complexity to a deepening talent shortage, Ellevate is delivering expert-driven, outsourced solutions that empower firms to grow with confidence.
"We launched Ellevate with one goal in mind: to help advisors fix what's broken behind the scenes so they can focus on growing their businesses," said Michelle Odom, CEO and Founder of Ellevate. "Surpassing half a trillion in assets so quickly confirms that the industry is hungry for a better way to scale."
The explosive growth of Ellevate reflects the firm's unique ability to address widespread industry pain points:
-- Scaling Operations: As mega-RIAs grow through M&A and organic expansion,
traditional operational models break down. Ellevate brings expert
capacity, automation, and continuity to overwhelmed internal teams.
-- Simplifying Technology: With tech stacks becoming increasingly
fragmented, Ellevate vets, configures, and manages platforms to optimize
existing investments and reduce waste.
-- Filling the Talent Gap: As experienced operations professionals retire
or exit, Ellevate provides embedded domain experts to ensure consistent,
high-quality execution and strategic insight.
-- Supporting M&A Growth: From data clean-up to systems conversion and
post-deal onboarding, Ellevate ensures firms realize ROI from every
acquisition.
Ellevate's platform delivers an integrated suite of operations and technology solutions, including:
-- Full back-office support: Billing, trading, client reporting, workflow
design, project management, vendor consulting, and more
-- Platform administration: Configuration, implementation, and ongoing
optimization of core systems
-- M&A integration: Seamless onboarding, system unification, and
operational alignment post-transaction
-- Data management: Preparing firms for the future by standardizing and
organizing data for AI readiness
Ellevate's growing team of highly specialized professionals supports thousands of advisors across some of the largest firms in the industry. Top-performing RIA firms and aggregators have embraced Ellevate as a trusted partner in their evolution, choosing the firm to manage and future-proof the infrastructure that drives long-term success.
"Ellevate's expertise on the Black Diamond platform was obvious from day one. They delivered immediate relief on complex billing and quickly became a strategic partner, helping us scale operations, train our team, and onboard new advisors as we grow," said Joe McQuaid, COO, Concurrent investment Partners, a $12 billion independent RIA.
Recently, Michelle Odom was recognized as a Finalist in the prestigious wealthmanagement.com's Industry Awards Program for CEO of the Year of professional services organizations. "We are beyond thrilled with the reception we have received in the industry since our launch just a couple of years ago," Odom said. "We look forward to continuing to invest in our business so advisory firms can continue to grow, scale and be able to expand their ability to provide fiduciary advice to more and more investors."
About Ellevate
Founded by platform and operations veteran Michelle Odom, Ellevate is a managed services platform purpose-built to help wealth management firms streamline operations, simplify technology, and achieve scalable, sustainable growth. With decades of experience across the industry's largest systems and platforms, Ellevate delivers expert support for every facet of advisor operations and technology. www.ellevateft.com
View original content:https://www.prnewswire.com/news-releases/ellevate-surpasses-500-billion-in-assets-serviced-on-the-platform-302516959.html
SOURCE Ellevate
|
|
|
|
|
 |
Weekly Recap: 11 Tech Press Releases You Need to See | Jan 22, 2026
|
|
Sup AI Sets New Benchmark Record with 52.15% on Humanity's Last Exam | Jan 22, 2026
|
|
DEADLINE ANNOUNCED FOR 2026 NEW TOP-LEVEL DOMAIN APPLICATIONS | Jan 22, 2026
|
|
Trigent Partners with WeWork India to Expand its GCC Footprint | Jan 22, 2026
|
|
Skunk Works® and XTEND Expand Joint All Domain Command and Control for Advanced Mission Execution | Jan 22, 2026
|
|
Exia Labs Brings Keystone to the U.S. Navy via DIU's Blue Object Management Challenge | Jan 22, 2026
|
|
Glasswall Brings Defense-Level File Sanitization to Every Government Agency and Business Using Microsoft 365 | Jan 22, 2026
|
|
Buyers Edge Platform Appoints Jaime Selga to Lead Expansion Across the Middle East, Africa & Asia | Jan 22, 2026
|
|
Genpact Named a Leader in ISG Provider Lens(TM) 2025 for Insurance GCCs and Agentic AI Services | Jan 22, 2026
|
|
Tax Preparation Software Market to Reach $17.6 billion by 2024 in the short term and $43 billion by 2034 Globally, at 9.2% CAGR: Allied Market Research | Jan 22, 2026
|
|
|
